Multiple Choice
Federal Reserve Board guidelines for checks:
A) require indorsements to be in blue or black ink.
B) must be followed or the check will not go through the banking system.
C) require bank indorsements to be made within 2 inches of the left edge of the back of the check.
D) Require indorsements to be in blue or black ink and that bank indorsements to be made within 2 inches of the left edge of the back of the check.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Any transfer for value of an instrument
Q15: The FTC upholds the preferential position enjoyed
Q19: An executory promise, which is valid consideration
Q21: The two types of indorsements are blanket or
Q36: Delivery alone is insufficient to negotiate an
Q37: Assuming a note made by Barbara payable
Q39: If the issuer and the person paying
Q39: Which of the following is not a
Q42: Defenses that may not be asserted against
Q56: An indorsement must be written on the